15-06-2020 17:32 via uk.finance.yahoo.com

Explainer: How Fed's Main Street program compares to other small business pandemic aid

Administered by the Boston Fed, the Main Street Lending Program will offer up to $600 billion in loans through participating lenders to small and medium-sized businesses that were in strong financial shape before the crisis.How do Main Street loans compare to the Paycheck Protection Program?The biggest difference between the Main Street Lending Program and the Paycheck Protection Program is that Main Street loans cannot be forgiven.
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